Persons entitled
- Royal Bank of Scotland
Amount secured
All monies due or to become due from the company to the chargee on any account whatsoever
Short particulars
The company covenants to discharge on demand the depositor's obligations and as a continuing security for such discharge and as absolute owner (and under english law with full title guarantee) assigns to the bank the deposit of £2,300,000 credited to account designation with the bank and any addition to that deposit and any deposit or account from time to time of any other currency description or designation which derives in whole or in part from such deposit or account, subject to re-assignment on redemption.